Oracle Press Release

Oracle Enables Procurement Transformation with Oracle® Procurement On Demand

New Adaptive Solution Enables Reduced Time-to-Value While Aligning with IT’s Strategic Goals

Redwood Shores, Calif. – March 15, 2010

News Facts

Expanding its On Demand offerings to formalize solutions based on a leading suite of procurement applications, Oracle today unveiled Oracle® Procurement On Demand.
As part of the Oracle On Demand portfolio, Oracle is delivering industry leading capabilities and an accelerated return on investment while eliminating IT constraints.
This is an adaptive offering that allows customers to utilize the latest version of Oracle's procurement applications without requiring back-end ERP upgrades.
Additionally, Oracle Procurement On Demand gives customers the freedom to deploy hybrid models that combine hosted applications with traditional on-premise software deployment based upon the unique requirements of each enterprise.
A common applications architecture and standards-based integration framework between Oracle’s Procurement On Demand and Oracle’s ERP software deployed on-premise enables seamless integration of end-to-end procurement processes.

On Demand Procurement Impacts the Bottom Line

Oracle Procurement On Demand is based on a pre-configured, hosted, and managed deployment of software applications from the Oracle E-Business Suite and Oracle Business Intelligence Applications, including:
Oracle Procurement and Spend Analytics with Oracle Spend Classification to help uncover cost savings opportunities;
Oracle Sourcing and Oracle Procurement Contracts to negotiate and enforce better agreements; and
Oracle iProcurement for controlling employee spend and streamlining processes.
A world class Functional Service Desk provides both buyer and supplier users:The project achieved the benefit target return on investment of between 25 percent and 30 percent.
Fast System configuration and software setup
24X5 global functional support
User assistance and training
Incident reporting and resolution
Management of system upgrades
Additional value added services from the Functional Service Desk such as custom workflow setup and personalization are also available as needed.
With Oracle Procurement On Demand, organizations can benefit from the following:

Industry Leading Capabilities

Uncover savings opportunities with spend classification and analysis.
Transform the qualification, administration, and assessment of suppliers.
Negotiate and enforce better agreements with online sourcing and contract management.
Streamline buying processes with procure-to-pay automation.

Reduce Time to Value

Uncover savings opportunities with spend classification and analysis.
Transform the qualification, administration, and assessment of suppliers.
Negotiate and enforce better agreements with online sourcing and contract management.
Streamline buying processes with procure-to-pay automation.

Eliminate IT Constraints

Simplify infrastructure acquisition, deployment and maintenance with world-class managed services, while aligning with IT on architecture and platform standardization.
Avoid complicated IT projects with stand-alone or hybrid deployments.
Meet enterprise compliance standards via a secure, dedicated software environment.
Access to interactive training and Oracle’s expert service desk.

Supporting Quote

“With this latest offering, customers can optimize their existing ERP investments by deploying Oracle Procurement On Demand in a smoothly functioning hybrid model,” said Cliff Godwin, Senior Vice President of Applications Development, Oracle. “This helps procurement departments achieve rapid value while aligning with the platform standardization goals of the IT organization.”

General Availability

Oracle Procurement On Demand is currently available.

Supporting Resources

About Oracle

Oracle (NASDAQ: ORCL) is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle, please visit our Web site at http://www.oracle.com.

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Contact Info

Jessica Moore
Oracle
+1.650.506.8741
jessica.moore@oracle.com

Letty Ledbetter
Oracle
+1.415.506.8071
letty.ledbetter@oracle.com